ThomasHa

WTC POTENTIAL BUY OPPROTUNITY

Long
ASX:WTC   WISETECH GLOBAL LIMITED
WTC share price has declined sharply in recent months and is now nearing the 100 EMA line. The current price of $24 coincides with the previous support level and 50% Fibonacci retracement . Looking for the sign to buy around this price level.

On the fundamental side, WiseTech Global has a low level of debt and a cash asset of $260M while the total liability is only $169M. Its financial position is strong.

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